What Would Happen If the Real Estate Market Went Belly-Up?
The Daily 5 is Sharp’s essential reading list for what’s happening in the world today. Make sure to follow us on Twitter or subscribe to the Sharp Insider newsletter to stay up to date.
Here’s what we’re reading today.
1. ‘The worst scenario’: What if Canada’s real estate bubble bursts?
“Joblessness would spike, and it would be made worse by people’s reluctance to move for work because they are tied to monster mortgages for homes worth less than they paid.
“That would be bad for productivity, but it would also make Canada’s entire economy less able to react to global changes. And the loonie would likely fall, too, hurting imports while boosting exports.And even those homeowners who have equity in their homes and don’t plan on leaving wouldn’t be immune.”
– CBC News
2. Israel said to be source of secret intelligence Trump disclosed to Russians
“The revelation adds a potential diplomatic complication to the episode. Israel is one of the United States’ most important allies and a major intelligence collector in the Middle East. The revelation that Mr. Trump boasted about some of Israel’s most sensitive information to the Russians could damage the relationship between the two countries. It also raises the possibility that the information could be passed to Iran, Russia’s close ally and Israel’s main threat in the Middle East.”
+1: Israeli official: Trump sharing intelligence with Russia is “worst fears confirmed” – BuzzFeed News
3. WannaCry ransomware has links to North Korea, cybersecurity experts say
“Kaspersky and Symantec both said on Monday that technical details within an early version of the WannaCry code are similar to code used in a 2015 backdoor created by the government-linked North Korean hackers, who were implicated in the 2014 attack on Sony Pictures and an $81m heist on a Bangladeshi bank in 2016.”
4. Bell apologizes to customers after data breach hits 1.9 million e-mail addresses
“Bell Canada has issued an apology to customers after it said nearly 1.9 million customer e-mail addresses and 1,700 names and phone numbers were illegally accessed – while an anonymous note posted online threatens that ‘more will leak’ if the telecom company doesn’t co-operate with the group or individual claiming responsibility for the breach.”
5. BuzzFeed keeps trying to guess my height. What’s with the site’s weird new quizzes?
“Why, I began to ask myself, was BuzzFeed lately so intent on telling me things about myself I already knew?
– Slate
